Word: footwear
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...more than ten years now, foreign shoemakers have been walking all over their American rivals. Stylish and inexpensive leather footwear from such countries as Taiwan, Brazil and South Korea will account for some 75% of sales in the U.S. this year. But if American manufacturers have lost the battle in the marketplace, they have tried to recoup in the political arena. For more than a year the industry has been waging a campaign to persuade President Reagan to impose quotas on shoes made overseas. Enlisted in the effort were 168 Congressmen, 40 Senators and 20 Governors, who sent letters...
...domestic industry. The I.T.C. in June ruled, 4 to 1, that the Government should limit imports of nonrubber shoes valued at more than $2.50 to 474 million pairs for the first two years of a five-year quota plan. Such a program would have stepped on plenty of toes. Footwear prices would probably have risen by as much as 15% in the first year. While protectionist measures may save some jobs, consumers almost always suffer because the limit on supplies drives up prices. The Federal Reserve Bank of New York last week released a study showing that restrictions...
...manufacturers praised the proposal, but the Footwear Retailers of America said that by making supply scarcer, the quotas would raise the price of imported shoes by 19% and domestic footwear by 11%. "It would be a disaster for the public," said FRA President Peter Mangione. The White House has until late August to accept, modify or reject the plan. Though Reagan opposes protectionism, the political pressure to help the shoemakers will be strong. In response to past ITC recommendations, the President has restricted motorcycle and steel imports...
...Nike Airborne shoe, developed for runners aged eight to twelve, features the same ergonomic principles as professional running footwear. But the distinctive design feature is the use of a special material in the toe tips and heel that reflects automobile lights at night for safety...
There are also fleeting suggestions, beneath all his mocking worldliness, of a slightly unquiet spirit. He is a demon for order and travels to the doctor's office with a shoehorn so he can replace his footwear easily after an exam. "He thinks he's ugly," says Ines, who will sometimes sneak up and start tickling him to make him smile. He frets over whether to have a nose job. His hands always seem to be in motion, partly because he is always moving his sleeves to hide them. That restlessness also colors his imagination, which...